new at investing need advice

[Alan Marentes]

if i find a multi-family property like apartments and find someone willing to seller finance a good amount of it like 80% or so and find a private lender and put down the remaining 20% and the property itself generates a good cash flow is it a good idea? 

[Joe Villeneuve]

Won't happen. If you mean a conventional lender for the 20%, they don't want to be the second mortgage and they certainly don't want a property to have 100% leveraged. That means the borrower (REI) has nothing in it, and nothing to lose. You become a huge risk to them. Not going to happen.

[Joshua Janus]

Quote from @Alan Marentes:

if i find a multi-family property like apartments and find someone willing to seller finance a good amount of it like 80% or so and find a private lender and put down the remaining 20% and the property itself generates a good cash flow is it a good idea? 

You would be better off putting a hard money lender in 2nd position on top of the conventional lender but that is still difficult as you have no stake. That is where private money comes into play!

Find a deal, and the money will come.

[Ronald Rohde]

Sure, in theory, but in this market I don't think the numbers will cash flow with that kind of debt load.